eBay Receives Average Recommendation of “Buy” from Analysts (NASDAQ:EBAY)
Shares of eBay (NASDAQ:EBAY) have received a consensus rating of “Buy” from the thirty-one ratings firms that are currently covering the stock, Stock Ratings News reports. Sixteen equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $59.06.
A number of research firms have recently commented on EBAY. Analysts at TheStreet upgraded shares of eBay to a “buy” rating in a research note on Friday, July 18th. Separately, analysts at Goldman Sachs cut their price target on shares of eBay from $64.00 to $61.00 in a research note on Friday, July 18th. Finally, analysts at Susquehanna reiterated a “neutral” rating on shares of eBay in a research note on Thursday, July 17th. They now have a $52.00 price target on the stock, down previously from $54.00.
In other eBay news, SVP Alan Lee Marks sold 6,750 shares of the company’s stock on the open market in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $52.42, for a total value of $353,835.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
eBay (NASDAQ:EBAY) opened at 52.53 on Wednesday. eBay has a one year low of $48.06 and a one year high of $59.70. The stock’s 50-day moving average is $50.88 and its 200-day moving average is $53.19. The company’s market cap is $65.201 billion.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Analysts expect that eBay will post $2.97 EPS for the current fiscal year.
eBay Inc, is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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